The Hain Celestial Group (NASDAQ:HAIN) Price Target Lowered to $5.00 at JPMorgan Chase & Co.

The Hain Celestial Group (NASDAQ:HAIN) had its target price lowered by JPMorgan Chase & Co. from $6.00 to $5.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts have also recently commented on the company. Piper Sandler decreased their target price on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Maxim Group decreased their target price on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Barclays decreased their target price on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Stifel Nicolaus cut their price target on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Finally, Mizuho cut their price target on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, The Hain Celestial Group currently has a consensus rating of “Hold” and an average target price of $6.44.

The Hain Celestial Group Price Performance

Shares of The Hain Celestial Group stock opened at $3.82 on Friday. The Hain Celestial Group has a one year low of $3.28 and a one year high of $9.43. The stock’s fifty day moving average is $4.54 and its 200 day moving average is $6.75. The stock has a market cap of $344.74 million, a P/E ratio of -1.97 and a beta of 0.83. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. Sell-side analysts anticipate that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. US Bancorp DE grew its position in shares of The Hain Celestial Group by 10.3% during the third quarter. US Bancorp DE now owns 19,518 shares of the company’s stock valued at $168,000 after purchasing an additional 1,815 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of The Hain Celestial Group by 4.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company’s stock valued at $302,000 after purchasing an additional 2,091 shares in the last quarter. FMR LLC grew its position in shares of The Hain Celestial Group by 14.9% during the third quarter. FMR LLC now owns 17,580 shares of the company’s stock valued at $152,000 after purchasing an additional 2,280 shares in the last quarter. Franklin Resources Inc. grew its position in shares of The Hain Celestial Group by 5.7% during the third quarter. Franklin Resources Inc. now owns 52,507 shares of the company’s stock valued at $445,000 after purchasing an additional 2,814 shares in the last quarter. Finally, Entropy Technologies LP grew its position in shares of The Hain Celestial Group by 19.1% during the third quarter. Entropy Technologies LP now owns 18,708 shares of the company’s stock valued at $161,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.